Brightwave, a New York-based AI-powered research assistant for financial professionals, raised $6 million in seed funding.
Investors
The round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn.
Decibel Venture Capital is a venture capital firm based in Palo Alto, California. Founded in 2019, the firm invests in essential infrastructure software used by developers, data engineers, and cybersecurity teams in B2B, B2C, and technology sectors.
About Brightwave
Founded by Mike Conover and Brandon Kotara, Brightwave is a deep technology company that provides an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject. Its purpose-built AI systems synthesize insights across an expansive universe of content, enabling financial professionals to accelerate research workflows, improve investment theses, and step into every interaction prepared to lead with a sophisticated view. Utilizing proprietary AI systems, Brightwave synthesizes information from a vast array of sources, including news, SEC filings, earnings call transcripts, market data, and more. Its customers include diverse funds, firms, and strategies.
Funding Details
Company: Brightwave, Inc.
Raised: $6.0M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Decibel Partners
Additional Investors: Point72 Ventures, Moonfire Ventures, angel investors
Company Website: https://www.brightwave.io/
Software Category: Research Assistant
Source: https://www.businesswire.com/news/home/20240611417446/en/